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BRUSSELS DETAILS UPCOMING EU VAT REFORMS

THE EUROPEAN Commission has released a statement outlining the subject of planned VAT legislative proposals to be made next year (2016). These will reduce the administrative burden on businesses through VAT regimes varying between European Union (EU) member states.…

EUROPEAN Union (EU) member states have suffered unevenly from Russia’s ban on EU food exports from last August, according to European Commission data.

While Finnish and Estonian extra-EU food and drink exports fell sharply in August-November 2014 compared to the same period in 2013 (32% and 22% down respectively), other EU food exporters saw only moderate falls in such sales, or even gains.…

GAZPROM has declared that it will fight the European Commission inquiry into possible dominant position abuses, even though the Russian position could be weak. The European Commission sent Gazprom a ‘Statement of Objections’ on April 22, accusing the Russian energy giant of abusing its dominant position in central and eastern European gas markets, a charge the company denies.…

DENMARK’S meat industry sector anticipates the streamlining of production and possible closure of at least one slaughtering house in the wake of Danish Crown’s acquisition and merger with Tican. The deal was approved by 91% of Tican’s owners on March 26.…

Of all the countries that made up the old Soviet Union, the central Asian republics have proved the slowest to open up to the outside world. For the personal care product industry, this represents opportunities, but also significant hurdles and barriers.…

This year there will not be much to write home about for the German paint and coatings industries, with demand from the decorating and DIY sectors stuck in a bit of a rut and not a noticeably better outlook in the motor industry.…

THE EUROPEAN Commission has drafted revisions to the definition of volatile and semi-volatile organic compounds (VOCs and SVOCs) used within the guidelines for awarding the EU ecolabel for paints and varnishes. In a new text, it has defined VOCs as “any organic compounds having an initial boiling point less than or equal to 250C measured at a standard pressure of 101.3kPa…and which, in a capillary column, are eluting up to and including n-Tetradecane (C14H30)”.…

The UK is lagging behind many other European Union (EU) member states when it comes to energy efficiency and is fiddling the figures to show it is making better progress than in reality, according to the latest report from the Brussels-based Coalition for Energy Savings.…

GERMAN-made automobiles were the largest source of reports regarding potentially dangerous motor vehicles made to the European Union’s (EU) RAPEX consumer alert network in 2014, analysis of its data shows.
There were 194 notifications to the system relating to automobiles and parts last year, the fourth largest category following toys (650), clothing and textiles (530) and electrical appliances (217).…

With Bangladesh’S economy set to continue growing and local cotton production expected to remain insignificant, cotton imports are set to double by 2021, said industry players and experts attending the country’s first Global Cotton Summit. The two-day event (March 20-21) in Dhaka, was jointly organised by the Bangladesh Cotton Association (BCA) and Bangladesh Textile Mills Association (BTMA).…